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Tuesday, January 15, 2013

Panetta on Defense Cuts: 'No Idea What the Hell's Going to Happen'

Panetta on Defense Cuts: 'No Idea What the Hell's Going to Happen'

The unresolved debt ceiling debate, the looming sequestration, and the expiration of the current continuing spending resolution may all combine to create “a perfect storm of budget uncertainty,” said Defense Secretary Leon Panetta during a Pentagon briefing last week.

“The fact is, looking at all three of those, we have no idea what the hell’s going to happen,” said Mr. Panetta. “All told this uncertainty, if left unresolved by the Congress, will seriously harm our military readiness.”

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